Jaguar Land Rover CEO denies holding talks over sale to Peugeot

Jaguar Land Rover’s chief executive has denied the carmaker is in talks with Peugeot over a possible sale. The British company’s Indian owner, Tata Motors, was last week forced to deny reports of advanced talks with France’s PSA Group, which owns Peugeot, Citroën and Vauxhall. The Press Association reported a “post-sale integration document” was passed around senior executives at the companies, detailing the potential benefits of a tie-up. Speaking on Wednesday, JLR’s chief executive, Ralf Speth, said he had met Carlos Tavares, his PSA counterpart, at the latest gathering of the European car industry lobby group but they did not discuss any deal. “I didn’t have any discussion about it with him at all,” Speth said at the FT future of the car summit in London. However, he declined to comment on whether Tata Motors had engaged in talks.